Coinbase Named Official USDC Treasury Operator For Hyperliquid, Increases Staked HYPE Position

Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with…

Crypto exchange Coinbase (COIN) made a major move for the Hyperliquid (HYPE) ecosystem on Thursday, outlining how it plans to deepen support for Circle’s USDC stablecoin on the platform.  In a blog post, Coinbase said it is expanding its role by becoming the official treasury deployer of USDC on Hyperliquid, treating USDC as an Aligned […]

The post Coinbase Takes Over USDC Treasury Deployer Role on Hyperliquid, Phases Out Native USDH Stablecoin appeared on BitcoinEthereumNews.com. Hyperliquid’s native stablecoin is on its way out. The decentralized perpetuals exchange has chosen Coinbase as the official treasury deployer for USDC, a move that sidelines the platform’s own USDH token and hands a major plumbing role to a centralized entity. For a venue that built its reputation on permissionless leverage trading, the decision creates a clear trade-off: deeper liquidity and institutional alignment for a piece of on-chain governance. According to the original report, Native Markets has already agreed to terms allowing Coinbase to purchase the USDH brand assets. The USDH market will be phased out over an unspecified timeline, effectively making USDC the primary stablecoin for collateral and settlement on Hyperliquid. The shift gives Coinbase direct exposure to treasury management inside one of the most actively used derivative

Bitwises Hyperliquid ETF starts trading Friday as HYPE rallies on Coinbases USDC deployer role and rising ETF demand. The post Bitwise Hyperliquid ETF to start trading Friday as HYPE rallies on Coinbase USDC deal appeared first on Crypto Briefing.

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